Lead market seen in surplus

Print this page Posted on : 10-14-2009 by recycleinme.com

London, Oct. 13

The global refined lead market will be in surplus just over 1,00,000 tonnes in 2010, up from the 80,000 tonne surplus forecast for this year, the International Lead and Zinc Study Group said. The group forecasts global refined lead metal production to increase 3.4 per cent to 8.99 million tonnes in 2009. A 20 per cent rise in China's output will more than balance cutbacks in other countries, it said. In 2010, it predicts an increase of 7.4 per cent to be driven primarily by the commissioning of new plants in Brazil and India and higher production in China, Germany, Italy, Japan and the US. Meanwhile, global usage of refined lead metal will increase 3 per cent to 8.91 million tonnes in 2009 and by a further 7.2 per cent to 9.55 million tonnes in 2010, ILZSG said.

Source : Business Line